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1/5/2009
Monday morning
This topic is closed off and you will be taken directly to the website.
Topics taken from open source list. I hope you find this useful.
This site is for our clients only as an information resource.
| The LS model offers these features plus bodyside paint stripe, luxury light
group, keyless entry system and luxury chrome wheels. Both models offer buyers
the federal governments highest crash test rating - five stars for driver and
front passenger sides (based on 1997 model testing). |
| Odor Properties, Inc.-Kaneohe, Hawaii
Realtor -1993-1995
Developed a general brokerage business. Cultivated prospective buyers
for three to four bedroom homes within a Luxury-tract
of semi-custom homes. |
| In a Sales Satisfaction Index survey by JD Power and Associates of 55,000
car and truck owners, Saturn ranked number one. In 1994, Lexus took the
title but dropped to number four in 1995. Infiniti earned second place in
both years. Saturn was number one in salesperson performance, delivery
activities, and initial product conditions -- the three subsections of the
survey. According to the survey, 90% of Saturn customers were very
satisfied with the sales and delivery of their 1995 cars. In the truck
category, Oldsmobile was number one. Oldsmobile was number one in 1993,
but lost its title in 1994 to Land Rover, which dropped to number six in
1995. Saturn and Oldsmobile are divisions of General Motors Corp. JD
Power and Associates noted that Saturn has the largest percentage of female
salespeople at 26%, which easily beats the industry average of 8%. For the
first time in the surveys 9 year history, domestic automakers did not win
as a group, as a result of five of the ten name. |
| Used to be true, but its no longer true. See 1997 Master Tax Guide
SS1215 Leased Property Restrictions. This deals with the lease of a
luxury car. I think about two years ago the law was changed to
discourage a business from leasing luxury cars and then writing them
off. SS1215 outlines the inclusion amount that must be excluded from
expense (added to income depending on how you look at it). This amount
is basically designed to nullify some of the tax advantages of leasing a
luxury car. Again, I hate the IRS and me study hard to em good. |
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I WAS WONDERING IF ANYONE HAD ANY INFORMATION ABOUT THE DIFFERENCE
IN THE EXCLUSION FOR LUXURY AUTOS BETWEEN LEASING AND PURCHASE.
ONE OF MY CLIENTS HAS A 67,000 AUTOMOBILE FIRST LEASED IN 1996.
THE MONTHLY PAYMENTS ARE 1057.00/MONTH WHICH AMOUNTS TO 12684.00/YEAR
OVER A FOUR YEAR LEASE TERM WHICH ALLOWS FOR THE FOLLOWING DEDUCTIONS
FROM HIS TAX RETURN 1996 12684.00 MINUS LEASE EXCLUSION OF 402.00
1997 12684.00 MINUS LEASE EXCLUSION OF 880.00
1998 12684.00 MINUS LEASE EXCLUSION OF 1305.00
1999 12384.00 MINUS LEASE EXCLUSION OF 1565.00 |
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